Integrated Filing — IndAS



General information about company

Scrip Code 532493
NSE Symbol ASTRAMICRO
MSEI Symbol NOTLISTED
ISIN INE386C01029
Name of company ASTRA MICROWAVE PRODUCTS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment RF & Microwave Products
Start date and time of board meeting 13-11-2025   11:30:00
End date and time of board meeting 13-11-2025   13:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 21,458.82 41,431.32
Other income 573.65 825.19
Total income 22,032.47 42,256.51
2 Expenses
(a) Cost of materials consumed 15,051.71 28,227.01
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (4,492.71) (7,030.70)
(d) Employee benefit expense 3,484.81 6,735.92
(e) Finance costs 1,345.79 2,805.15
(f) Depreciation, depletion and amortisation expense 1,007.43 1,941.85
(f) Other Expenses
1 Repairs and maintenance-- Plant and machinery 556.08 839.56
2 Repairs and maintenance-- Computers 140.13 226.03
3 Repairs and maintenance-- Others 156.49 313.71
4 Travelling and conveyance 429.83 825.18
5 Consumption of stores and spares 35.63 137.28
6 Power and fuel 147.87 304.71
7 Legal and professional fees 206.58 384.49
8 Business promotion expenses 85.72 205.81
9 Security charges 62.17 114.66
10 Other Expenses 810.10 1,267.69
Total other expenses 2,630.60 4,619.12
Total expenses 19,027.63 37,298.35
3 Total profit before exceptional items and tax 3,004.84 4,958.16
4 Exceptional items 0.00 0.00
5 Total profit before tax 3,004.84 4,958.16
6 Tax expense
7 Current tax 980.53 1,572.14
8 Deferred tax (132.68) (244.20)
9 Total tax expenses 847.85 1,327.94
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,156.99 3,630.22
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 233.41 387.56
16 Total profit (loss) for period 2,390.40 4,017.78
17 Other comprehensive income net of taxes 28.58 168.29
18 Total Comprehensive Income for the period 2,418.98 4,186.07
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 2,418.98 4,186.07
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 2,418.98 4,186.07
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,898.90 1,898.90
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.52 4.23
Diluted earnings (loss) per share from continuing operations 2.51 4.21
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.52 4.23
Diluted earnings (loss) per share from continuing and discontinued operations 2.51 4.21
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.The Consolidated unaudited financial results includes the results of Astra Microwave Products Limited ('the Company' or 'the Holding Company'), the following subsidiaries (collectively referred as 'the Group' hereinunder), two joint ventures and one associate: (a) Bhavyabhanu Electronics Private Limited - Subsidiary (b) Aelius Semiconductors Pte. Ltd, Singapore - Subsidiary (c) Astra Private Limited (formerly known as Astra Foundation) - Subsidiary (upto September 16, 2025) (d) Astra Space Technologies Private Limited - Subsidiary (e) Astra Rafael Comsys Private Limited - Joint venture (f) Navictronics Private Limited - Joint venture (g) Janyu Technologies Private Limited - Associate 2.The Consolidated unaudited financial results for the quarter and half year ended September 30, 2025, Consolidated unaudited statement of assets and liabilities as at September 30, 2025 and Consolidated unaudited statement of cash flows for the half year ended September 30, 2025 ('Consolidated results') have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (“Ind AS 34”) prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The same were, as reviewed by the Audit Committee, considered and approved by the Board of Directors in their meeting held on November 13, 2025. 3.The Group and Joint ventures have only one business segment i.e. it deals in Radio Frequency & Microwave products and hence segment wise reporting is not applicable. 4.The Group and Joint ventures have an order book of Rs. 2,208.90 crores as at September 30, 2025 which includes Rs. 171.72 crores pertaining to service orders. Orders booked during the period from April 01, 2025 to September 30, 2025 are of Rs. 390.92 crores. 5.The Board of the Directors of the Company at its meeting held on May 20, 2025 and the shareholders of the company at Extraordinary General Meeting held on June 13, 2025 has approved the allotment of up to 20,13,885 convertible warrants each convertible into, or exchangeable for, one fully paid up equity share of the Company, having a face value of Rs. 2, within the period of eighteen months in accordance with the applicable laws at a price of Rs. 864 aggregating up to Rs.173.99 crores (issue proceeds). During the half year ended September 30, 2025, the Company has received 25% of the issue proceeds i.e., 43.50 crores (Upfront monies) on June 23, 2025 and June 24, 2025. 6.During the half year ended September 30, 2025, Astra Private Limited (formerly known as Astra Foundation) (entity), the subsidiary company was dissolved and struck off from the Register of the Companies on September 16, 2025. Accordingly, financial information of this entity till the date of dissolution have been considered in the Consolidated unaudited financial results.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 22,077.78
Capital work-in-progress 140.84
Investment property
Goodwill 0.00
Other intangible assets 613.63
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 3,577.54
Non-current financial assets
Non-current investments 907.50
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 0.00
Total non-current financial assets 907.50
Deferred tax assets (net) 1,338.44
Other non-current assets 736.64
Total non-current assets 29,392.37
2 Current assets
Inventories 61,761.22
Current financial asset
Current investments 0.00
Trade receivables, current 60,990.22
Cash and cash equivalents 10,147.94
Bank balance other than cash and cash equivalents 8,082.30
Loans, current 0.00
Other current financial assets 0.00
Total current financial assets 79,220.46
Current tax assets (net) 84.63
Other current assets 6,163.43
Total current assets 1,47,229.74
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,76,622.11
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,898.90
Other equity 1,14,360.78
Total equity attributable to owners of parent 1,16,259.68
Non controlling interest 0.00
Total equity 1,16,259.68
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 3,302.47
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 0.00
Total non-current financial liabilities 3,302.47
Provisions, non-current 1,430.43
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 8,938.20
Total non-current liabilities 13,671.10
Current liabilities
Current financial liabilities
Borrowings, current 24,476.80
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,621.21
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4,849.08
Total Trade payable 7,470.29
Other current financial liabilities 2,235.37
Total current financial liabilities 34,182.46
Other current liabilities 11,864.64
Provisions, current 497.16
Current tax liabilities (Net) 147.07
Deferred government grants, Current 0.00
Total current liabilities 46,691.33
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 60,362.43
Total equity and liabilites 1,76,622.11
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of post-employment benefit obligations 1213000 19913000
Total Amount of items that will not be reclassified to profit and loss 12.13 199.13
2 Income tax relating to items that will not be reclassified to profit or loss 3.06 50.12
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translation of foreign operations 1951000 1928000
Total Amount of items that will be reclassified to profit and loss 19.51 19.28
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 28.58 168.29



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4,958.16
Adjustments for reconcile profit (loss)
Adjustments for finance costs 2,805.15
Adjustments for decrease (increase) in inventories (167.15)
Adjustments for decrease (increase) in trade receivables, current 17,935.37
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (988.41)
Adjustments for decrease (increase) in other non-current assets 45.06
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 52.30
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (220.59)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (2,211.90)
Adjustments for increase (decrease) in other non-current liabilities 3,495.93
Adjustments for depreciation and amortisation expense 1,941.85
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (6.18)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (590.57)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (5,125.40)
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 16,965.46
Net cash flows from (used in) operations 21,923.62
Dividends received 0.00
Interest paid 0.00
Interest received (320.94)
Income taxes paid (refund) (2,562.70)
Other inflows (outflows) of cash (373.22)
Net cash flows from (used in) operating activities 23,792.16
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 1.49
Purchase of property, plant and equipment 1,346.77
Proceeds from sales of investment property (212.23)
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 217.15
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 18.08
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received (320.94)
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 429.39
Net cash flows from (used in) investing activities (1,684.29)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 4,349.99
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares (35.02)
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings (40,271.08)
Repayments of borrowings (54,791.79)
Payments of lease liabilities 0.00
Dividends paid 2,085.53
Interest paid 2,123.43
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (29,111.46)
Net cash flows from (used in) financing activities (14,414.70)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 7,693.17
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 7,693.17
Cash and cash equivalents cash flow statement at beginning of period 2,007.97
Cash and cash equivalents cash flow statement at end of period 9,701.14





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse Chartered Accountants LLP Yes 30-11-2026